UK - Isis Asset Management has been awarded an £125m fixed income mandate from the Rhondda Cynon Taf County Borough Council Pension Fund.
Isis director of government bonds Richard Stevens will assume responsibility for the fixed interest assets within the scheme’s £675m portfolio.
The mandate is for UK and global bonds with a 76% All Stocks Index/24% JPMorgan World ex-UK and Japan benchmark.
Stevens said: “The strategy allows me to retain enough autonomy to be able to move into index-linked or corporate bond issues.”
The scheme sought new management for the mandate after a review by Rhondda Cynon Taf’s investment panel, which suggested a separate bond portfolio should be created.
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